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Jul 22, 2011
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a big deal in pharmacy benefits management. express scripts will buy medco health for just over $29 billion in cash and stock. medco shareholders will get just over $71 per share. medco was one of the most actively traded issues today, up 14%. it closed shy of the buyout price, perhaps reflecting some concern about getting the necessary regulatory approval. still, the deal got an endorsement with the buyer's stock price moving higher. express scripts added 5%. five years ago, express scripts tried unsuccessfully to buy caremark. instead, drug store cvs bought it, creating cvs caremark. its shares were up 2%, while competitor walgreen dropped 5%, dropping below $40 for the first time since march. and that's tonight's "market focus." >> tom: from swimming pools to ice cream shops, a huge section of the united states continues looking for ways to beat the record heat. between tomorrow and sunday, about two out of every three americans will be dealing with heat indices in the triple digits. millions of air conditioners have increas
a big deal in pharmacy benefits management. express scripts will buy medco health for just over $29 billion in cash and stock. medco shareholders will get just over $71 per share. medco was one of the most actively traded issues today, up 14%. it closed shy of the buyout price, perhaps reflecting some concern about getting the necessary regulatory approval. still, the deal got an endorsement with the buyer's stock price moving higher. express scripts added 5%. five years ago, express scripts...
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Jul 30, 2011
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it was a big week for initial public offerings. here's an update on what they returned to investors. the biggest, dunkin brands, debuted wednesday on the nasdaq. it's up over 52% from its $19 i.p.o. price. teavanna gained 66% this week. chef's warehouse up 18% since the i.p.o., but biopharma company horizon pharmaceutical unchanged from its i.p.o. price of $9 per share. and that's tonight's "market focus." president obama took a break from the debt ceiling drama today to announce an historic agreement on new fuel efficiency standards. the deal will double overall fuel economy to 54.5 miles per gallon by 2025. that could mean filling up your gas tank every two weeks, instead of every week. diane eastabrook looks at some new technologies that could mean an even cleaner and more fuel- efficient ride down the road. >> reporter: if you check out the fuel economy of new cars and trucks, you might wonder if auto makers will be able to increase corporate average fuel economy to nearly 55 miles per gallon by the middle of the next decade. s
it was a big week for initial public offerings. here's an update on what they returned to investors. the biggest, dunkin brands, debuted wednesday on the nasdaq. it's up over 52% from its $19 i.p.o. price. teavanna gained 66% this week. chef's warehouse up 18% since the i.p.o., but biopharma company horizon pharmaceutical unchanged from its i.p.o. price of $9 per share. and that's tonight's "market focus." president obama took a break from the debt ceiling drama today to announce an...
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Jul 21, 2011
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shares jumped more than 24% on big volume but settled below the purchase price. part of that difference can be explained by the drop in the stock of the buyer. since it is offering either cash or stock, a drop in its price can impact the buyout price. shares fell 7%. two others. e-trade stock shot up almost 14%. its largest shareholder is pushing the company to explore its options. and after the close, staffing firm s.f.n. announced it will be bought by a dutch company for $14. the stock jumped above that price after the close, anticipating a better offer. and that's tonight's "market focus." >> susie: it's a bittersweet day for the u.s. space program. 42 years ago, nasa and the entire country celebrated the first apollo moon landing. but tomorrow, we'll see the final chapter of the space shuttle's 30-year program when "atlantis" makes its final landing. the shuttle program's total investment? $200 billion. did the u.s. get its money's worth? joining us now, scott hubbard, professor of aeronautics at stanford university, and michael mandel, chief economic strateg
shares jumped more than 24% on big volume but settled below the purchase price. part of that difference can be explained by the drop in the stock of the buyer. since it is offering either cash or stock, a drop in its price can impact the buyout price. shares fell 7%. two others. e-trade stock shot up almost 14%. its largest shareholder is pushing the company to explore its options. and after the close, staffing firm s.f.n. announced it will be bought by a dutch company for $14. the stock jumped...
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Jul 8, 2011
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it was big tech and big banks leading the dow industrials. cisco systems and intel each added more than 2%. j.p. morgan and bank of america added more than 1.5% each. these are your top four performers for the dow today. drug giant pfizer is moving toward focusing on its core business of prescription medicine. it is looking at options for its animal health and nutrition units. but it will keep its generic drug and consumer health businesses. pfizer shares were the most active on the big board, and the biggest loser of the dow today, falling 2.6%. news that it wasn't going to be more aggressive in selling off assets came as a disappointment. pfizer stock is up almost 40% over the past year. the materials sector was also a leader. miner freeport mcmoran jumped almost 4%, pushing up to its april high. volume was heavier than usual. union leaders at one of freeport's indonesian mines says production has stopped as thousands of workers continue on strike. that comes on top of bad weather hitting copper production in chile, fueling the stock buying
it was big tech and big banks leading the dow industrials. cisco systems and intel each added more than 2%. j.p. morgan and bank of america added more than 1.5% each. these are your top four performers for the dow today. drug giant pfizer is moving toward focusing on its core business of prescription medicine. it is looking at options for its animal health and nutrition units. but it will keep its generic drug and consumer health businesses. pfizer shares were the most active on the big board,...
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Jul 15, 2011
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>> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7 billion in sales equals another blockbuster quarter for google, a blowout beginning to earnings for technology companies. susie, internet search and search advertising continue driving the big profits at the web giant. >> susie: tom, google's earnings surged almost 40% and google stock soared as well, up over $60 or 12% after the closing bell. google earned $8.74 a share in the second quarter, about $1 more than analyst estimates. google continued its hiring blitz, adding 2,400 employees during the quarter. paid clicks, or the number of times internet users clicked on the company's ads, rose 18%, in line with estimates. >> tom: mornings
>> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7...
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Jul 28, 2011
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and the apple ipad of they're going to take a big bite out of apple. and that is important, simply because amazon is selling a lot of peed yeah online, and what they can do is tie it right into the tablet for downloading purpose. but the other thing with amazon is that even though profit obviously were down 8%, the revenue was up 51%. now, profits were down because amazon keeps investing in the cloud. they provide cloud services, hosting services to clients. and this is a growing area of revenue. the other important point with amazon are these -- all over the world, for example in china they are building another two to add to the nine, these are 35 kilometers away from shanghai and -- >> susie: i'm sorry to jump in, we're running shore on time here. it sounds fascinating and we also ran short that we can't even give you some of the viewer questions that you had a lot of them. but we'll hopefully talk to you next wednesday on those. but thanks so much. any disclosures on these two stocks? >> yes. i do not own either of them. amazon or google. >> susie:
and the apple ipad of they're going to take a big bite out of apple. and that is important, simply because amazon is selling a lot of peed yeah online, and what they can do is tie it right into the tablet for downloading purpose. but the other thing with amazon is that even though profit obviously were down 8%, the revenue was up 51%. now, profits were down because amazon keeps investing in the cloud. they provide cloud services, hosting services to clients. and this is a growing area of...
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Jul 8, 2011
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and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that s
and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional...